Financials
- Financial year
- 2025
- Total assets
- €1.9m
- Loss
- -€3.8m
- Solvency
- -200.6%
Total assets▲ 73×
Net result
20242025
TS Hospitality Services
ActiveSummary
TS Hospitality Services has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3.8m) and a net result of -€3.8m. Its solvency ranks better than 5% of 885 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Activity
Hotels and similar accommodation
NACE 55100
2 sites
Size
€1.9mtotal assets 2025
- Equity
- -€3.8m
- Loss
- -€3.8m
Net result -14,353%: other schema
Structure
- Parent
- Befimmo Real Estate Group · 100%
- Board
- 4 members
- PHIREMAChair · permanent representative Philippe Berlamont
- GAR CONSULTDaily manager · permanent representative Jean-Philip Vroninks
2025 accounts 29 days early
Why 53raises riskCapped at 59: negative equityLoss of €3.8m, the second in a row (financial year 2025)Negative equity -€3.8mlowers riskSize: total assets €1.9mLiquidity: current ratio 0.35, cash €610,334Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 13% of its sector peers (NACE 55, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -200.6% of total assets
Liquidity
40+36
short-term debt 285.4% · cash 32.1%
Profitability
0=
return on assets -199.2%
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.1%
12-2024: 2.5%▲ +0.4 percentage points vs 11-2024
01-2025: 2.8%▲ +0.3 percentage points vs 12-2024
02-2025: 3.1%▲ +0.3 percentage points vs 01-2025
03-2025: 3.1%● unchanged vs 02-2025
04-2025: 3.0%▼ -0.1 percentage points vs 03-2025
05-2025: 3.0%● unchanged vs 04-2025
06-2025: 3.3%▲ +0.3 percentage points vs 05-2025
07-2025: 3.4%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 3.4%● unchanged vs 07-2025
09-2025: 3.4%● unchanged vs 08-2025
10-2025: 3.4%● unchanged vs 09-2025
11-2025: 3.4%● unchanged vs 10-2025
12-2025: 3.4%● unchanged vs 11-2025
01-2026: 3.4%● unchanged vs 12-2025
02-2026: 3.2%▼ -0.2 percentage points vs 01-2026
03-2026: 3.1%▼ -0.1 percentage points vs 02-2026
04-2026: 2.9%▼ -0.2 percentage points vs 03-2026
05-2026: 2.9%● unchanged vs 04-2026
06-2026: 2.9%● unchanged vs 05-2026
07-2026: 3.0%▲ +0.1 percentage points vs 06-2026
08-2026: 1.4%▼ -1.6 percentage points vs 07-2026
09-2026: 1.4%● unchanged vs 08-2026
10-2026: 1.4%● unchanged vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 0.35, compared with 0.5 in 2024, below 1; short-term debt: 285.4% and cash: 32.1% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro): better than 8% on solvency, 37% on liquidity, 5% on profitability and 1% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€3.8m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
29 days early
2024
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 26 days before the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Permanent representative: Jo Van BaelenPower of attorney
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignations: Luc Leroi (director) and Damien…Appointments: Luc Leroi Sàrl (director)…
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€3.8m View
- Caution: Result fell in 2025different schema filed ▼ 14,353% View
- Caution: Among the weakest 5% on solvencysector median 26.3% · 885 companies -200.6% View
- Controlled by Befimmo Real Estate Groupultimately: Alexandrite Monnet UK Topco… 100% View
By topic
Board & ownership
- Board
- 4 members
- Parent
- Befimmo Real Estate Group · 100%
- PHIREMAChair
- GAR CONSULTDaily manager
- Fuse Finance SàrlDirector
- Luc Leroi SărlDirector
Network & group
- Group
- Alexandrite Monnet UK Topco…
- Connected companies
- 42
Timeline
- Events
- 8
- Since
- 2023
- Next accounts
- by 31-07-2027
- 09-07-2025Annual accounts filed
- 28-05-2024Purpose · Amendment of the articles ·…
- 26-04-2024Resignation: Martine Rorif (director)
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Hotels and similar accommodationNACE 55100
- Founded
- 20-07-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about TS Hospitality Services
- What is the company number of TS Hospitality Services?
- 0804.149.103. In Belgium the VAT number is the company number with BE in front: BE 0804.149.103.
- Where is TS Hospitality Services based?
- The registered office is at Kantersteen 47, 1000 Brussel.Company details
- What does TS Hospitality Services do?
- According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
- What is the legal form of TS Hospitality Services?
- Private limited company (BV).
- When was TS Hospitality Services founded?
- On 20-07-2023.
- Is TS Hospitality Services still active?
- Yes, TS Hospitality Services is an active enterprise in the KBO register.
- What is the turnover of TS Hospitality Services?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is TS Hospitality Services profitable?
- In financial year 2025, TS Hospitality Services made a loss of €3.8m.
- Where can I find the annual accounts of TS Hospitality Services?
- TS Hospitality Services filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TS Hospitality Services due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to TS Hospitality Services
Parent and group
Comparable companies
- A la Grande ClocheBrussel
- ACCOR HOTELS BELGIUMBrussel
- AIRPORT GARDEN HOTELBrussel
- ALF INVESTBrussel
- ARCADIEBrussel
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